MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: Happy Labor day folks. I am back in the states for a week
Member: An RV would really make it a happy Labor Day
Member: Hoping your holiday weekend has been a good one….and there is some good news today.
Member: Is this our week????
MZ: There is certainly a lot of chatter saying it could be this week.
MZ: The rumors are thick that the money is moving and started over this weekend. But, I cannot find anybody with that money in their pockets yet.
MZ: I have received a lot of messages from a lot of people in positions and places that are saying “we are done” and it’s happening now….I guess we will find out throughout the day today and by tomorrow if things have moved or not.
MZ: Many of my banking contacts are not working today. I do have a physical get together with one of my contacts later today. I am pretty excited about that one.
MZ: Redemption center folks did work a few hours yesterday….mostly logistics stuff. Maybe this was just to keep them in town?? On purpose and just in case? But they are not working today.
Member: Some are saying Bond holders are supposedly going under or are already under NDAs
Member: Go RV ……all eyes on Iraq.
MZ: My Iraqi contacts are hesitantly excited with expectations for this week. There are more and more confirmations that the government is using that 1132 rate with contractors right now. I feel pretty confident the CBI is starting to make moves. They have said before they would stabilize at that rate and then give us the big change we are looking for .
MZ: We just need to wait and see what pops out of all this. The chatter is overwhelming right now that things have finished. I will believe it when we can spend it.
Member: I read that there were uprisings in Iraq about payments??
Member: From MM last nite : Rashid Bank to electronically pay salaries + retirees in Erbil. MM has a sneaking suspicions its not going to be @130 to 1
Member: MIlitia Man said Iraq is 2 months behind paying salarys and will be issueing chks this week at the new rate he believes. Thats why they didm,t pay yet
MZ: I am hearing that as well from contacts on the ground in Iraq. This is one of the things that make them think this is the week.
Member: Iraqi people are in Holiday until Friday. Government could be working behind the scene
Member: The 10 year treasury is on course for a third consecutive loss , something that has not occurred once in the 250 year history of the Republic in 1776
MZ: Yes the bond market is inverted, twisted and messed up. Fundamentals say it should implode now.
Member: News sounds amazing and good, but until we actually get notifications it's all just chatter. Stay grounded and hopefully this will be our week.
Member: it’s time to get this show on the road. Saddle up.
Member: looks like it’s lining up to be a good week
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